In 2016, a group of Princeton researchers published a paper entitled, "On the Instability of Bitcoin Without the Block Reward," with intriguing analysis on a rational miner's behavior when competing solely for transaction fees, rather than the block reward that we see today on the Bitcoin network, and also, this is a long sentence.
Source: https://www.cs.princeton.edu/~smattw/CKWN-CCS16.pdf
Learn more in the video below.
This episode is sponsored by Americas Cardroom, the most trusted online poker site. Fund your account AND claim your winnings using your favorite cryptocurrency!
Make your first deposit using bonus code CHRONOS to get 100% bonus + up to $50 cash.
US players welcome! Play TODAY: http://ow.ly/NEzd30guKzU
Million Dollar Sunday, every Sunday at 3:00pm ET
About the show: One Minute Crypto is among the fastest-paced bitcoin shows in the universe. We cover everything on blockchain technology: walkthroughs, tutorials, news, and more. Check us out at http://oneminutecrypto.com.
Wow, I had no idea that could happen.. I'll have to look more into it. Thank you, this is very interesting!
I don't think this would be any sort of threat to the network, though, as Bitcoin works because of the self interest of its participants, not despite of it. As CSW said, Bitcoin uses greed for good.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm not a fan of CSW due to his lies, other mess ups in the past and constant humble brags, but this particular claim is in a sense correct, even as he tends to make more confusing claims in almost the same breath.
It should also be understood that long before, some futures and stabilizing updates will most likely be established just to make sure that it doesn't happen in a still very edge case scenario.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit